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Updated over 8 years ago on . Most recent reply
Mental slump
I am in a bit of a mental slump today. I'm reading Gary Keller's Millionaire Real Estate Investor and he writes a lot about net worth, and how it's important to track and grow it. Due to student loans and mortgages on 3 properties, even with significant equity I have a VERY negative net worth. It's really discouraging. It's hard to picture it turning around, regardless of the number of properties I accumulate. Has anyone else felt this way?
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Jay Hinrichs
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Networth is just numbers on paper.... don't sweat it...
take your highest interest rates and pay those off until you have no other debt other than mortgages.
and maybe a car... that's it... paying interest on anything else is throwing money away
- Jay Hinrichs
- Podcast Guest on Show #222
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